Credit $ Debit 122,200 52,500 20,400 169,000 16,500 175,000 $ 95,000 136,000 26,000 86,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 105,000 30,000 20,000 40,000 148,000 28,580 257, 220 51,000 484,000 36,000 25,000 18,000 186,000 48,000 33,200 33,400 65,000 32,600 $1,269,800 $1,269,800 Balance Sheet December 31 0 0 $ 0 0 0 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $257,220.) CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec.31 prior year end 0 Retained earnings, Dec. 31 current year end $ Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 0 0